Online Clearance For Realty Developers

Realty developers face hurdles in obtaining clearances from government bodies. They feel that the upcoming Industrial Policy of the Telangana State should introduce a mechanism of online clearances, involving government-recognized experts, which would enable developers to obtain speedy initial clearances through self-certification. It would also obviate delays in starting constructions and remove irritants, including corruption, dogging the realty sector. C Shekar Reddy, national president, CREDAI, told Metro India that Simplifying tax payments will also help the realty sector and the time saved in obtaining clearances can be the biggest incentive for the sector. The State government can create an online clearance system and market it to attract investments. The delays in obtaining project clearances are adding 40 per cent costs on the buyer and investor. Faster clearances would bring in more entrepreneurs, projects, employment, consumption of materials, healthy competition, taxes to government and more GDP. Governments need not focus only on creating a ‘single window’ system as they can explore providing all windows under one roof as the objective is to remove the time loss.

Medaram Jathara

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